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982 Elsinore Dr, Palo Alto, CA 94303

By P2D2   2009 Jul 16, 3:48am   1,736 views   2 comments   watch (0)   quote      

Interesting sale price for 982 Elsinore Drive. Sold on Feb 2009 for $1275K. It is interesting because Palo Alto is considered one of those fortress areas. Comps for this property:

975 Elsinore Drive: May 2008 sale price $1505K

940 Elsinore Drive: Oct 2005 sale price $1405K

968 Elsinore Court:  Sep 2003 sale price $1125K

974 Elsinore Court: Sep 2000 sale price $1101K

2008 was the peak - with price tag $1.5M. The sale price $1.2M for 982 Elsinore is pretty close to 2003 price $1.1M. It took only nine months (from May 2008 to Feb 2009) to drop $225K, the appreciation of approx five years.

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1   P2D2   2009 Jul 16, 3:50am     ↑ like   ↓ dislike   quote    

Oops. Wrong forum. I was thinking of posting it to Property Gossip Forum.

2   someone else   2009 Jul 16, 5:21am     ↑ like   ↓ dislike   quote    

My fault. Things go into the Housing Crash forum by default if you don't check the radio button on the right next to "Property Gossip".

Got to make this clearer, but not sure how yet.

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